Long to $65

2 Ara 2024

SMCI has been extremely volatile lately, which is great for options sellers. Recent news suggests no financial improprieties occurred and the company is searching for a new Chief Financial Officer. Also, the stock recently completed a 10/1 split. Nevertheless, here are the weekly technicals:

• Bullish RSI (recently recovered from being oversold)
  
• Bullish BAT harmonic pattern with a $64 target
  
• Latest Heikin Ashi candles have no bottom tails, indicating a strong upside trend
  

Happy Trading!

16 Ara 2024

Not

If we close below $30, abandon this trade.